Submission of Letter dated 20th May 2026 regarding investment by the Company in Zenataris Renewable Energy Private Limited. Kindly take the same on record.
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Chemfab Alkalis Ltd has invested Rs. 14.91 crore in Zenataris Renewable Energy Private Limited for a 3.35% equity stake. The investment was made on 19th May 2026 under a group captive mechanism for purchasing renewable power. The company states this investment will result in lower electricity tariff and consequent cost savings. Zenataris, incorporated in 2018, is engaged in developing, building and managing solar and wind power assets. The transaction is not a related party transaction and has already been completed.
This investment in renewable energy is a positive step as it will help Chemfab reduce its power costs, a key input cost for chemical manufacturing. Lower electricity expenses could improve the company's operating margins going forward.